SFE Investment Counsel lessened its holdings in Cisco Systems, Inc. (NASDAQ:CSCO) by 26.5% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 23,795 shares of the network equipment provider’s stock after selling 8,580 shares during the period. SFE Investment Counsel’s holdings in Cisco Systems were worth $745,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CSCO. Southeast Asset Advisors Inc. raised its stake in Cisco Systems by 0.5% during the 1st quarter. Southeast Asset Advisors Inc. now owns 9,233 shares of the network equipment provider’s stock worth $312,000 after acquiring an additional 44 shares during the period. Ronald Blue & Co. LLC raised its stake in Cisco Systems by 0.3% during the 2nd quarter. Ronald Blue & Co. LLC now owns 17,912 shares of the network equipment provider’s stock worth $561,000 after acquiring an additional 57 shares during the period. Banced Corp raised its stake in Cisco Systems by 0.4% during the 2nd quarter. Banced Corp now owns 14,143 shares of the network equipment provider’s stock worth $442,000 after acquiring an additional 59 shares during the period. Delta Asset Management LLC TN raised its stake in Cisco Systems by 0.4% during the 2nd quarter. Delta Asset Management LLC TN now owns 17,489 shares of the network equipment provider’s stock worth $547,000 after acquiring an additional 72 shares during the period. Finally, Telemus Capital LLC raised its stake in Cisco Systems by 0.6% during the 2nd quarter. Telemus Capital LLC now owns 12,235 shares of the network equipment provider’s stock worth $383,000 after acquiring an additional 72 shares during the period. Hedge funds and other institutional investors own 75.22% of the company’s stock.

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets reiterated a “hold” rating and set a $32.00 price objective on shares of Cisco Systems in a research report on Monday, October 23rd. Berenberg Bank reiterated a “hold” rating and set a $33.00 price objective on shares of Cisco Systems in a research report on Tuesday, October 24th. Needham & Company LLC reiterated a “hold” rating on shares of Cisco Systems in a research report on Tuesday, October 24th. Cowen and Company reiterated a “buy” rating and set a $38.00 price objective on shares of Cisco Systems in a research report on Friday, November 3rd. Finally, Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $36.00 price objective on shares of Cisco Systems in a research report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twenty-one have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $35.26.

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In other news, insider John T. Chambers sold 250,000 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $31.14, for a total transaction of $7,785,000.00. Following the sale, the insider now owns 729,305 shares in the company, valued at $22,710,557.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Charles Robbins sold 121,390 shares of the business’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $32.06, for a total value of $3,891,763.40. Following the sale, the chief executive officer now owns 552,694 shares in the company, valued at approximately $17,719,369.64. The disclosure for this sale can be found here. Insiders have sold 485,138 shares of company stock worth $15,347,574 in the last 90 days. Insiders own 0.05% of the company’s stock.

Cisco Systems, Inc. (CSCO) opened at $33.99 on Friday. The company has a market cap of $168,311.09, a PE ratio of 15.66, a price-to-earnings-growth ratio of 2.97 and a beta of 1.15. The company has a quick ratio of 2.98, a current ratio of 3.03 and a debt-to-equity ratio of 0.39. Cisco Systems, Inc. has a fifty-two week low of $29.12 and a fifty-two week high of $34.75.

Cisco Systems (NASDAQ:CSCO) last announced its earnings results on Wednesday, August 16th. The network equipment provider reported $0.61 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.61. The business had revenue of $12.13 billion during the quarter, compared to the consensus estimate of $12.07 billion. Cisco Systems had a net margin of 20.02% and a return on equity of 16.91%. During the same period in the previous year, the company posted $0.63 earnings per share. The firm’s revenue was down 4.0% on a year-over-year basis. equities analysts predict that Cisco Systems, Inc. will post 2.18 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Thursday, October 5th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Wednesday, October 4th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.41%. Cisco Systems’s payout ratio is 60.73%.

About Cisco Systems

Cisco Systems, Inc designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The Company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC).

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Institutional Ownership by Quarter for Cisco Systems (NASDAQ:CSCO)

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